Kiwi Watch

New rules for cross-border cash movements

KW: This story is right out of Control Room 1. Arguing that these measures are necessary to flush out terrorist movements of cash is pretty weak when the biggest terrorist in the world (The U.S. Government) makes up the rules to blame someone else and avoid there own crimes. Now the war on cash is turning into a war on gold as well.

Cash entering or leaving the European Union will be subject to tougher checks, according to new rules backed by the European Parliament’s Civil Liberties and Economic Affairs committees. The new rules repeal the First Cash Control Regulation (CCR) from 2005, which requires individuals to declare sums over €10,000 when leaving or entering the EU. MEPs

About Malcolm Eves

Malcolm Eves is a retired financial adviser having worked all his life in the Hawke's Bay region. After retiring he continued to research and study both markets and what was happening around the world. Kiwiwatch is an effort to raise awareness of stories that are not told or stories where the truth behind them is distorted to mislead.